Foreign Chemical Makers Offer Investment Opportunities
In the most recent M&A deal in the chemical industry, Belgian chemical and plastics maker Solvay (SVYZY) agreed to buy French speciality chemical maker Rhodia(RHAYY) for 3.3 billion Euros. This represents premium of 50% to Rhodia’s closing price on April 1, 2011. This is an all-cash deal with Solvay offering 31.60 Euros for each Rhodia …
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